Coca-Cola’s first quarter revenue of 8.6 billion US dollars, continued to increase the Chinese market

Coca-Cola’s first quarter revenue of 8.6 billion US dollars, continued to increase the Chinese market

Coca-Cola’sfirstquarterrevenueof8.6billionUSdollars,continuedtoincreasetheChinesemarket
Inthesaunatoday,YewanglearnedthatCoca-Cola’sfirst-quarterfinancialreportshowedthatCoca-Cola’srevenuewas$8.6billioninthefirstthreemonthsofthisyear,adecreaseof1%;theoperatingprofitmargin(non-generalaccountingstandards)reached30.7%,anannualincreaseof2.5%.Duetothedevelopmentoftheepidemictoacertaindegreeanduncertainty,Coca-Colacannotprovideaccurateforecastperformanceindicatorsatthisstage.TheCoca-ColaCompanysaidinthefinancialreportthatthepressureonthebusinessistemporary,anditisoptimisticthatthebusinesswillcontinuetoimprovebythesecondhalfof2020.Toensurebusinesscontinuity,theCoca-Colasystemhascreatedaknowledgeandexperiencesharingsystemtosharebestpracticesworldwide,includinghowtomanagepossiblesupplychainchallenges.Atpresent,theproductionanddistributionofCoca-Colasystemshavenotbeensignificantlyaffected.Intermsofbusinessdevelopment,Coca-Colaisreassessingandadjustingitsstrategy,shiftingresourcesandreallocatingtomoreefficientareas.Thecompanyworkscloselywithbottlingpartnersandretailcustomerstoensuresufficientinventoryinkeychannels.Inaddition,Coca-Colaactivelypromotesaccelerateddigitalizationofbusinesses,increasesinvestmentine-commerce,andsupportsretailersandtake-outservices.RegardingtheChinesemarket,Coca-ColaCompanysaidinthefinancialreportconferencecallthattheChinesemarketisexpectedtograduallyrecover,andthecompanyistakingmeasureswithitsbottlingpartnerstorestoregrowthmomentum.Atpresent,all45factoriesofCoca-ColaChinahaveresumedproductionandproduction.TheCoca-ColaChinasystemcreatedabout4.70,000jobs,99%ofwhicharelocalChineseemployees.Intermsofmarketsupply,Coca-Colacontinuedtobringconsumersagoodconsumptionexperiencethroughproductinnovationandbusinessoperationmodelinnovationinthefirstquarter.Breakthrough,Coca-ColalaunchedavarietyofnewproductsintheChinesemarket,theChinesecustomizedversionofCOSTAcoffeefamilyinstantcoffee-BritishclassicserieswaslaunchedattheendofMarch.Atthesametime,theCoca-ColaChinasystemadaptstochangesinconsumerconsumptionhabits,activelyinnovatesinbusinessoperationsandsupply,promotesdigitization,explorescommunityretail,unmannedsales,livesales,optimizespackagingbasedonchannels,deepense-commerceplatform,takeawayplatformcooperationform.Sauna,YeWangWangZiyangeditorLiYanproofreadingWangXin

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